Pembina Pipeline Co. (TSE:PPL) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Pembina Pipeline Co. (TSE:PPL - Get Free Report) NYSE: PBA have been given an average recommendation of "Moderate Buy" by the eleven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$53.08.

A number of equities analysts have recently issued reports on PPL shares. JPMorgan Chase & Co. raised their price objective on Pembina Pipeline from C$51.00 to C$52.00 and gave the stock a "neutral" rating in a research report on Friday, April 12th. Wells Fargo & Company raised their price target on shares of Pembina Pipeline from C$52.00 to C$55.00 in a report on Thursday, March 7th. Citigroup upped their price objective on shares of Pembina Pipeline from C$47.00 to C$50.00 and gave the company a "neutral" rating in a research note on Wednesday, March 6th. BMO Capital Markets lifted their target price on shares of Pembina Pipeline from C$52.00 to C$53.00 in a research note on Friday, February 23rd. Finally, ATB Capital boosted their target price on shares of Pembina Pipeline from C$55.00 to C$56.00 in a report on Friday, April 5th.

Pembina Pipeline Trading Down 1.8 %

TSE PPL traded down C$0.87 during trading hours on Tuesday, reaching C$48.44. The company's stock had a trading volume of 1,596,050 shares, compared to its average volume of 2,621,050. The firm has a fifty day simple moving average of C$47.73 and a 200-day simple moving average of C$45.89. The company has a debt-to-equity ratio of 70.47, a current ratio of 0.82 and a quick ratio of 0.50. Pembina Pipeline has a 52 week low of C$38.79 and a 52 week high of C$49.39. The stock has a market cap of C$26.62 billion, a P/E ratio of 16.20, a P/E/G ratio of 4.80 and a beta of 1.48.

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA last announced its quarterly earnings results on Thursday, February 22nd. The company reported C$1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.75 by C$0.46. The firm had revenue of C$2.47 billion during the quarter, compared to analysts' expectations of C$2.47 billion. Pembina Pipeline had a net margin of 19.46% and a return on equity of 11.24%. Equities analysts forecast that Pembina Pipeline will post 3.0374298 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Henry William Sykes purchased 1,984 shares of the business's stock in a transaction on Tuesday, April 9th. The shares were acquired at an average price of C$48.44 per share, for a total transaction of C$96,098.02. In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 5,314 shares of the firm's stock in a transaction on Monday, April 8th. The shares were sold at an average price of C$48.82, for a total value of C$259,429.48. Also, Director Henry William Sykes acquired 1,984 shares of Pembina Pipeline stock in a transaction dated Tuesday, April 9th. The shares were acquired at an average price of C$48.44 per share, with a total value of C$96,098.02. Company insiders own 0.07% of the company's stock.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.